IC Markets vs London Capital Group (LCG) - Fees Review included

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Which broker is better IC Markets or London Capital Group (LCG)? Our expert assessment conducted according to TU’s own methodology showed that IC Markets is one of the top brokers in the financial market with the TU Overall Score of 8.62 out of 10. London Capital Group (LCG) is one of the top brokers in the financial market with the TU Overall Score of 4.85 out of 10. Find out more about TU Overall Score.

Feature IC Markets London Capital Group (LCG)

Overall

4.7

2.9

Regulation

5

4.3

Fees

4.9

4

Trading Assets

4.6

3.1

Investment Instruments

4.9

1

Platforms and Charting Tools

4.4

2.9

Deposit and Withdrawal

4.6

2.5

Research

4.3

3.6

Education

4.4

3.3

Support

4.6

2.9

Bonuses

2.5

2

IC Markets review

London Capital Group (LCG) review

Open an account

Your capital is at risk.
Up to 75.93% of the broker’s non-professional clients incur losses when trading CFDs.

IC Markets vs London Capital Group (LCG): Pros and Cons

IC Markets Trading Company was founded in 2007 in Sydney, Australia. The broker is licensed under the Australian Financial Services License (AFSL) and the Australian Securities and Investment Commission (ASIC). The broker is also a member of the Australian Financial Complaint Authority (AFCA), the governing body that sets the industry standard for the resolution of disputes between consumers and financial service providers, and regularly undertakes audits.

The LCG broker is an international intermediary that started its business in 1996. Traders who have opened an account with LCG have access to 9 groups of trading assets, including: Forex, spot metals, stocks, indices, ETFs, CFDs, stock options, bonds, interest rates, and commodities. The minimum deposit requirements make trading with LCG affordable, and the use of innovations and high-quality service make it comfortable.

IC Markets London Capital Group (LCG)
Overall Pros World biggest Forex broker, over 180,000 clients and $1.11 trln monthly turnover in 2022 Low minimum deposit requirements
Advanced ECN trading A wide range of trading instruments
Order execution speed 40 mc An information section with training and analytical materials
Free VPS Round-the-clock support service
Trading servers in New York and London No commission for funding the deposit and withdrawal funds
Strong regulation The possibility to trade from different devices such as a PC, tablet, or smartphone
2000+ trading assets, 60+ currency pairs The presence of Islamic accounts
EURUSD Average spread 01 pip
Overall Cons No forex bonuses The company does not provide offers for passive earnings such as copying services or bonus programs
World biggest Forex broker, over 180,000 clients and $1.11 trln monthly turnover in 2022 The broker does not serve clients from certain countries
Customer support doesn’t work on weekends

IC Markets vs London Capital Group (LCG): Safety and Regulation

Regulated By: IC Markets London Capital Group (LCG)

US Regulation

No

No

FCA (Great Britain)

Yes

Yes

CySec (Cyprus, EU)

Yes

No

ASIC (Australia)

AFCA (Australia)

No

Other Regulators

Yes

SCB (Securities Commission of the Bahamas)

IC Markets vs London Capital Group (LCG): Trading Conditions

Trading Conditions IC Markets London Capital Group (LCG)

Minimum Deposit

$200

$10

Trading Platforms

MT4, MT5, cTrader

MetaTrader 4, LCG Trader

Max Leverage (Futures)

1-500

1-500

Supported Markets

Forex, futures, CFDs on indices, commodities, metals, stocks and bonds

Currency pairs, indices, spot metals, stocks, commodities, CFDs, exchange traded options, ETFs, bonds and interest rates

Trading assets

2000+

7000+

Trading Accounts

cTrader, Raw Spread, Standard

Classic, ECN, demo

Base Account Currencies

USD, AUD, GBP, CHF, JPY, NZD, SGD, CAD, HKD, BTC

USD, GBP, EUR, and CHF

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IC Markets vs London Capital Group (LCG): Fees

Forex Trading Fees

Fee IC Markets London Capital Group (LCG)

Standard Account EURUSD Average Spread

0.62 pips

1 pip

Standard Account Fee

$0

$0

ECN/STP Account Fee

$3 per lot

$0

ECN Account EUR Average Spread

0.02 pip

0.4 pips

CFD Trading Fees

Fee IC Markets London Capital Group (LCG)

CFD Trading Fee

Floating spread

Floating spread

Non-Trading Fees

Fee IC Markets London Capital Group (LCG)

Account Fee

No

No

Deposit Fee

No

Credit card 2%, Debit Card 0%, other methods are comission-free

Withdrawal Fee

No

No

Inactivity Fee

No

No

A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.

IC Markets vs London Capital Group (LCG): Trading Assets

Asset Name IC Markets London Capital Group (LCG)

Overall

2000+ trading assets

7000+

Forex

Yes

Yes

Stocks

Yes (CFD)

Yes (CFD)

Metals

Yes (CFD)

Yes (CFD)

Cryptocurrencies

Yes (CFD)

Yes (CFD)

Energy

Yes (CFD)

Yes (CFD)

Indices

Yes (CFD)

Yes (CFD)

ETFs

Yes (CFD)

Yes (CFDs)

Bonds

Yes (CFD)

Yes (CFD)

Mutual funds

No

No

Stock options

No

No

Futures Trading

Yes (CFD)

No

Binary Options

No

No

IC Markets or London Capital Group (LCG): Investment Programs

Asset Name IC Markets London Capital Group (LCG)

Copy Trading

Yes

No

MAM/PAMM

Yes

No

Managed Accounts

No

No

Other

No

No

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Trading Platforms: London Capital Group (LCG) or IC Markets

IC Markets London Capital Group (LCG)

MT4

Yes

Yes

MT5

Yes

No

cTrader

Yes

No

Appropriate platform

IC Markets terminal

LCG Trader

Others

No

No

IC Markets review

London Capital Group (LCG) review

Open an account

Your capital is at risk.
Up to 75.93% of the broker’s non-professional clients incur losses when trading CFDs.

IC Markets vs London Capital Group (LCG): Deposit and Withdrawal Methods

Deposit and Withdrawal Method IC Markets London Capital Group (LCG)

Bank Transfer

Yes

No

Debit Card

Yes

Yes

Electronic Wallets

Yes

Yes

Crypto

No

No

IC Markets vs London Capital Group (LCG): Research

Research Type IC Markets London Capital Group (LCG)

News Feed

Yes

Yes

Fundamental Data

Yes

Yes

Chart Analysis

Yes

Yes

Trading Ideas

Yes

No

E-Mail Reports

Yes

No

IC Markets vs London Capital Group (LCG): Education

Education Type IC Markets London Capital Group (LCG)

Demo-account/Paper Trading

Yes

Yes

Webinars

Yes

No

Articles

Yes

No

Videos

Yes

Yes

Cent account

No

No

London Capital Group (LCG) vs IC Markets: Support

Support Features IC Markets London Capital Group (LCG)

Working Days

24/5

24/5

E-mail

Yes

Yes

Phone

Yes

Yes

Online chat

Yes

No

Other

No

No

IC Markets vs London Capital Group (LCG): Forex Bonuses and Promo

Promo IC Markets London Capital Group (LCG)

Forex Bonus

Not offered

No

Affiliate Program

% of trading commissions

The broker’s clients can earn additional income by referring new users to LCG. The company provides program participants with personal referral links and marketing materials, and you can track the activity of invited users from your personal account. The maximum payout is 800 USD.

Other Promos

IC Markets review

London Capital Group (LCG) review

Open an account

Your capital is at risk.
Up to 75.93% of the broker’s non-professional clients incur losses when trading CFDs.

Top 5 Reviews on London Capital Group (LCG)

  • LCG Group

    shanthan

    11.03.2024

    Comment

    I've been thoroughly impressed with my experience using the LPGInvestments.com website. Not only have I found it user-friendly, but it has also delivered excellent results. With multiple successful withdrawals under my belt, I can attest to its reliability. Watching my investments thrive has been incredibly rewarding. Recently, I diversified my portfolio by adding Mineral Resources mining, and it's been an exciting journey to monitor its performance alongside my other assets. I confidently recommend LPG Investments to anyone seeking a platform for diverse and promising investment opportunities. I eagerly anticipate further growth in my portfolio as I continue to utilize this platform.

  • LCG Group

    pasanshanaka

    09.03.2024

    Comment

    Despite the negative reviews, I work normally with LCG Group. Any situation can happen. For example, recently there was slippage when a stop loss was triggered by 10 pips. It’s not very pleasant, of course, but it doesn’t affect my trading much. I traded with another broker before and it wasn’t not very successful. Slippages were 35-50 pips there. This is already serious. Orders on the LCG Group platform are processed quickly, there are practically no requotes.

  • LCG Group

    adverto

    29.01.2024

    Comment

    I had $4,000 in my London Capital Group account. Two weeks ago, I received a notification that access to my user account was blocked due to suspicions of money laundering, citing one of their policies. I asked to close open positions, but my request was ignored. Now I fear that there is almost nothing left of my deposit. Be careful when considering opening an account with London Capital Group.

  • LCG Group

    pcgun007

    11.01.2024

    Comment

    LCG disappointed me as soon as I registered here. Actual conditions do not correspond to those promised on the website. When I asked support about that, they told me that the broker can change the conditions at its discretion, and their answer wasn’t polite. I think this is not normal. Therefore, I left the company.

  • LCG Group

    tanaji

    20.12.2023

    Comment

    Several times my stop loss did not work on the LCG platform. I wrote to support, but they didn’t solve anything. I definitely set the stop loss, but it is not in the history. Either LCG manipulates such situations, or there are bugs on the broker’s platform. I never trade without a stop loss; I always limit my risks.

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Top 5 Reviews on IC Markets

  • IC Markets

    SHRISWAMISAMARTH

    22.03.2024

    Comment

    I decided to use the services of IC Markets not long ago. Now I think that not all negative reviews are justified. This is a good broker and I have already withdrawn profits several times, everything went without problems. IC Markets’ rates differ from those of other brokers. But you can adapt to this problem.

  • IC Markets

    Tanish

    09.03.2024

    Comment

    I initially paid $3000 to start with and an account manager demonstrated a growth of $500 in quick time. A specialist then came in and tried to get me to invest $25000 to which I bluntly denied and they tried with $20K, then $10K and even $5K to all of which I refused! They have now kept me hanging and I asked for a refund to which they are asking for more money from me and I don't know what more to do! Also as of yesterday, the site itself is DOWN!! I cannot log in anymore and the email contact i had from there, when i sent the email to check it came back saying that domain does not exist anymore!! I am at loss of words and my hard earned money unfortunately i was able to recover my money back with the help of Olivia teams get in touch with them oliviatrader 44 at gmail com WhatApp +1 (423) 248 - 2140

  • IC Markets

    sujee

    27.02.2024

    Comment

    I was looking for a reliable broker and noticed the long existence and good reputation of ICMarkets. Moreover, my friend, who has been trading for a long time, recommended contacting them. After several years, I have become a more experienced trader and I am satisfied with the work of the broker.

  • IC Markets

    hizahid

    06.02.2024

    Comment

    I have been trading with IC Markets for some time now and I can draw some conclusions. The platform works stably, which indicates a serious approach to its work. Spreads are quite optimal, although for cryptocurrencies they are higher than average as compared to those of its competitors. Slippages occur, there is nothing you can do about it. But there are no problems with requotes at all. In general, I think it’s possible to rate IC Markets “good”.

  • IC Markets

    jubaer

    15.01.2024

    Comment

    There are many advantages to IC Markets broker. First, of course, is the presence of a license from a reputable regulator. Accounts can be opened for citizens of many countries. Second, the platform works very well. Order execution speed is high, and you can actively trade manually or with the help of an advisor. I am quite satisfied with IC Markets as a broker.

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FAQs

What should I start Forex trading with?

It is desirable for novice traders to explore trading using a demo account to learn the market and how to work on the trading platform without the risk of suffering losses. At the same time, it is advisable to review the educational materials of the broker, learn trading basics. Then you can deposit the minimum required amount to perform a small number of transactions. If you manage to close several months in a row in the black, without substantial drawdowns on the account, then you can try increasing your deposit. Also trying to copy trades automatically is a good option for a start.

What amount should I start trading with?

The minimum deposit of $10 may be enough to trade on the cent account. However, for trading on Standard/ECT accounts, experts recommend starting with at least $200-500. With this amount, you can use not a very big leverage. Remember, getting carried away with the margin is the main cause of losses among beginners.

What should I take into consideration when choosing a broker?

Experts recommend looking at the broker’s reliability first and foremost. The other important features include basic trading conditions, commissions and fees, customer reviews. If brokers are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One broker may be good for professionals and another – for novice traders.

Is it possible to be scammed by a broker with a license from a reputable regulator?

In theory, yes. But in practice, it takes so much time and money to comply with the requirements of reputable regulators that it is not worth it for scammers to bother obtaining a legitimate license.

Team that worked on the article

Mikhail Vnuchkov
Author at Traders Union

Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.